oDirects the Insurance
Commissioner to enter into a consortium with at least five other states for the
reciprocal interstate sale of health insurance policies;

oRequires that one of the
consortium states be designated as the primary state for purposes of regulation
under that state's laws and regulations;

oProvides that a consortium
state insurer is exempt from a secondary state's laws and regulations, except
for premium taxes and assessments, registration requirements, unfair claims
practices and judicial process;

oIdentifies matters to be
considered by the commissioner in establishing rules of reciprocity, the types
of policies eligible to be sold and the effect of interstate sales on
regulation of domestic insurers.

Comments:

Effective date of this act is July 1, 2010, but no policies
shall be issued in this state under the act before July 1, 2011.